VIP Industries posted a good set of earnings in Q3, margins expanded during the quarter, but the key concerns of increasing cost pressures & competition continue to weigh on the company.
In an interview with CNBC-TV18, Dilip G Piramal, Chairman of VIP Industries spoke about the results and his outlook for the company.
We are going through very good times. I feel that we can get to a 15 percent growth in revenue and outlook is quite good, he said.
Our market share should be about 53 percent. It was between 51 percent and 52 percent. It had gone up last year also and I think we have gained another point, he added.
“We are investing more in our own factories, but we are not a very capital intensive industry, so the investment would be about Rs 30 crore a year is what we will be spending on the factories. Plus we have another Rs 10 crore or so of other capital expenditure,” he further mentioned on capital expenditure.
For full interview, watch accompanying videos...
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